Why will you invest in something you know nothing about?

[Rcoinmoon]

Exactly what have been emphasizing on before I even stumbled on this topic, a lot of people are more focused on where and how to invest they don't have time to study and understand the fundamental basics of this space.

[volport]

In my opinion, the most rational strategy is investing into solutions that have real applicable solution. For example, they adopt blockchain for some issues, existing on one or another market. For example, I often attend concerts and tired of frauds on the market. Have recently discovered GET protocol that seem to be solving the issue with 100% real solution. It seems like a really cool solution with a lot of adoption and promising future. GET Protocol offers a blockchain-based smart ticketing solution that can be used by anybody who wants to sell tickets in an honest and transparent way. And already around 300k tickets are sold with the help of GET. Interested to hear your thoughts

[Wawa2013]

If people hear something that looks easier to get money, like investing without having to work. Where work can spend 8 hours every day even more, why not to jump in. This happens to most people, without enough knowledge, such as investing in crypto.

[wxa7115]

if some people investing their money into something that they didn't know, all they'll get is some loss. try to learn anything that new to you, so you can know how to avoid the risk before you investing your money. try to invest your money very carefully and try to get some lesson from some experts. their experience is really important for all beginners in crypto world.

While you are giving good and sensible advice most people are not very rational when it comes to their money and they are very emotional when it comes to it, this is what happened at the end of the bubble of 2017 when many people that did not knew anything about cryptocurrencies decided that investing in a market they knew nothing anything about was a great idea and they suffered the consequences of that mistake.

But that is not exclusive of this market we see that all the time and I do not really think that this is ever going to change because most people are not willing to go through the trouble of learning how to invest or to trade effectively.

[ije07]

I personally invest to make money, so I will not misplace my money in crypto investments. especially the top coins in the market like BTC and some other top altcoins. for new investors, it's better to always check the coins you want to invest and the main reason someone always chooses random coins is based on their beliefs.

[GideonGono]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Who are the one who invest on something he did not know about? First of all there are a lot of person want to sure a good money but of course they think twice before they invest. Something gonna bait by scam is a person who experience good before they've scam because most of them become aggressive to learn after they scammed.

Tell about your friend about the good and bad side of crypto for him/her from being aware.

[gwaposakon]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

The thoughts of easy money make people invest in cryptos they know little about. The hype surrounding a coin often makes people jumped into the project even without deep knowledge about the project. But with the current market situation where scammers are everywhere, research about the project is a must to every investor.

[cryp24x]

If i invest in a project that i dont have any information about that project its like giving away my money for free. If you invest the first thing you will have to do is to have a little knowledge about that project cause today there are so many scam projects and everyone should be aware of them

I agree with you. We should really be aware of that. What we need to do is to make our own research then ask to a friend what we don't really understand. We should also invest our time forst before we invest our money so if a scammer will approach us them we know what to do.

[Winscosinally]

It doesn't sound right to invest on something you know nothing about even if its profitable, you need to learn the basics and understand where the money is coming from, might even be something you will turn against after learning more about it

[johnwest]

When the ICO tide was high, people invested into everything and anything. Didnt even see the team credentials or sustainability of idea or even the authenticity of the whitepaper/roadmap. They were all taken into the greed and put money in order to make a fortune. The market is allot clear now and people have started thinking before investing even 1$ now.

[GGmith]

each investor has a different view or way before investing in cryptoqurrency. for me personally it does not matter if I invest with random coins, because what I will do is of course based on my research and beliefs. and maybe other users will do that too.

[Boov]

Investing what they don't know is ridiculous, friend.
In every project that they will invest in, they must know the purpose of the product in the future, don't just get rich quickly by not having an instant method, remember that many projects are developing now, but scamers are always there so you invest in popular coins. it would be better, if in a new project there must be examined further because it concerns your assets.

In some cases there are people who invests withoit any knowledge or idea in what they are trying to enter. Just like me. I dont know every single idea facts here about crypto but when I entered the crypto world thats when I started to observe, invest, read article and ask some members if this campaign is a real and legit one. But when I got my first earning, that was the time that I believe in crypto.

[miklesm]

Unfortunately, there is a plenty of unprofessional investors on the cryptocurrency market who are not interested in analyzing backgrounds of the projects they invest in. They just see an awesome growth and put money in which usually cause losses.

[Mike Mayor]

Never! That is like crossing the road without looking. It is just silly. You cannot profit without the required research. You as well wear a blindfold and throw your money in random directions hoping for the best.
It is much too random to work. I think people give into the hype a lot more then they do logic.

I personally only invest in projects where you can spend the token or coin that it is involved with. Why would I invest in something I cannot use? That is just speculation not fact.

[BitcoinTurk]

I always research my own investments before making them, and I certainly do not invest in an investment instrument that I do not know or doubt about its future.  I think that other people who make investments usually make uninformed investments and therefore lose money.  I usually say that people like these have dreams of making a lot of money with low budget in a very short time.

[electronicash]

there are people who are use to keep riding the pump though. they don't need to know anything about the coin or the project, all they need to know is that its pumping. and there are also who just listen to the users shilling a coin. you get rekt most of the time when you do this but there are pretty exceptional like the project SNX.
i didn't listen when somebody shills for this project, i just knew i would have bought more of it. still i have no idea about the project.

[travwill]

It seems to me that in 2020 there were no longer those people who could invest their money in the blind. Such people simply ran out of money for 2018-2019.
In addition, the general intellectual level of the crypto community has significantly increased over the past year, due to the constant collision with scam projects and all kinds of deceivers.

[kak uli]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Many people do not learn about something they want to do in investment because they only listen to the words of some observers who are not sure that they can benefit. they easily trust one person without learning it first. so many people who have lost assets after they invested in a project that ultimately could not provide benefits but losses they get.

[malphite534]

The reason why most people got failed because of there nonwise way of thinking. Most people will invest in anything when they hear something that can make money, but they never bother how the system will works. So if you really want to be succesful into something, learn to widen self understanding about investing into any kind of projects here. Some may state the goodness of their project but in the long run you are just being fool. To avoid scene like this, be mindful be wise of choosing so here I can suggest something that may work for you. The Aci coin which a worldwide Company Supports Ripple’s Real-time Transaction System.

[shiming]

Whenever new life is born, it comes into contact with new things. Initially, your parents will guide you and then you arrive at school. At this time, the teacher will guide you. When we come to work, if we encounter something new. We flinch, and this will fail in your life later. You should learn to learn new things, so as not to stop halfway. Someday will succeed.